Republic of Congo: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
Lower Middle Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | The oil sector accounts for 65% of the GDP, 85% of government revenue, and 92% of exports. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2021): China, France, and Belgium |
| Top Industries Source: CIA World Factbook | Petroleum Extraction; Cement; Lumber; Brewing |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $20,736,299,345 (2021) |
| GDP Growth Rate (annual %) | -2.2% (2021) |
| GDP Per Capita, PPP (current international) | $3,553 (2021) |
GDP Country Rank 149/197 (2021)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 1.716% (2021) |
| External debt stocks, total (DOD, current US$) | $6,965,719,977 (2021) |
| Total tax rate (% of commercial profits) | 54.3% (2019) |
| Real Interest Rate (5 year average %) | 20.529% (2012) |
| Manufacturing, value added (% of GDP) | 8.059% (2019) |
| Current Account Balance (BoP, current US$) | $1,440,630,928 (2020) |
Labor and Employment [1]
| Labor Force, Total | 2,268,090 (2021) |
| Employment in Agriculture (% of total employment) | 33.776% (2020) |
| Employment in Industry (% of total employment) | 21.746% (2020) |
| Employment in Services (% of total employment) | 44.478% (2020) |
| Unemployment Rate | 23.011% (2021) |
Trade [1]
| Imports of goods and services (current US$) | $4,966,529,355 (2021) |
| Exports of goods and services (current US$) | $7,813,576,417 (2021) |
| Total Merchandise Trade (% of GDP) | 69.369% (2021) |
| FDI, net inflows (BoP, current US$) | $3,690,808,232 (2021) |
| Commercial Service Exports (current US$) | $225,700,415 (2020) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Republic of Congo’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.